Successful Funding Round for Fusion Innovators

17th August 2015

It was announced on Friday that Richardsons' client and Oxford University spin-out First Light Fusion Limited has successfully completed a funding round worth £22.7 million. The company has discovered and developed new processes which, it is hoped, will bring practical and affordable fusion energy significantly closer. The funding has been raised to continue this ground-breaking work and to set up a Scientific Advisory Board of prominent and eminent figures to contribute valuable technical input and guidance in the future.

One of the principal investors is IP Group, a leading intellectual property commercialisation company, and more information is available in their press release.